Cap offer, page-24

Yes, an act of desperation. They have spent all of what little they got from our last failed CR. I believe this CR will be another failure. The small amount they will raise from the minority of us will only prolong the inevitable. They need to face the music. They just cannot continue CR in any foreseeable future anymore if they failed twice within 6 months. That means the only solution is to find a partner to continue Uruguay. Or maybe by geting rid of current management and then try a new CR with money only for drilling Uruguay. That might get us excited enough to give it a last shot only if new management comes clean with a feasible plan to finish the drilling in Uruguay.